US: Beyond Meat CEO Ethan Brown says vegan steak is coming this year
California-based company Beyond Meat will soon release its newest product: whole-cut vegan steak. “It’s probably one of our best products to date”, Beyond Meat CEO Ethan Brown said during The Wall Street Journal’s Global Food Forum. The new Beyond Meat vegan steak will come in a sliced format and is expected to launch sometime this year.
How Amazon Fresh could shake up Michigan's market
Amazon Fresh is poised to enter Michigan and shake up the grocery industry with stores announced in Troy and Grand Blanc, and others confirmed in Shelby Township and Rochester Hills. As an online and physical grocery store, online retail giant Amazon.com Inc. says it offers customers convenience through in-store shopping, grocery pick-up and same-day delivery. It operates brick-and-mortar markets in several states, including Illinois and California.
Mexico's Femsa to buy Swiss store operator Valora for $1.15bln in Europe push
Mexican bottler and retailer company Fomento Economico Mexicano (Femsa) offered to buy Swiss kiosk operator Valora in a 1.1bln Swiss franc ($1.15bln) all-cash deal as part of its push to expand in Europe.
India: Zomato investors write to SEBI, unhappy with late Blinkit disclosure
In a letter written to the chairman of the Securities and Exchange Board of India (SEBI), several Mumbai-based high net worth individuals (HNIs) have said that food delivery giant Zomato did not make disclosures in time about its acquisition of Blinkit, the grocery delivery startup.
Croatia: SPAR invests €19.9mln in state-of-the-art hypermarket
SPAR Croatia has opened a new 3,000 m2 INTERSPAR Hypermarket in the town of Velika Gorica, south of Zagreb. Highlights of the store are its extensive fresh food department with an emphasis on fresh meat, fruits and vegetables, fish, bakery products and an exceptional offer of non-food products, contributing to the premium shopping experience.
Denmark: Aldi to focus on turnaround plan in 2022
Aldi Denmark has announced that it will continue to focus on its turnaround plan in the current financial year after a challenging 2021. Gross turnover at Aldi Denmark amounted to DKK4.7bln (€630mln) in full year 2021. The company’s performance was impacted by store network expansion and modernisation efforts, an internal organisational change and the pandemic.
Australia: Coles to resume trading in Lismore, Australia, with new store
Supermarket chain Coles has planned to resume operations in Lismore, Australia, with a store set to open in the town in the coming weeks. The announcement comes after the retailer’s original store in the town was destroyed by flooding earlier this year. Located on McKenzie Street, the brand-new store will offer a large fresh produce section and an additional range of ready-made meals.
Poland: Allegro appoints Roy Perticucci as new chief executive
Polish e-commerce firm Allegro said Roy Perticucci will replace Francois Nuyts as its chief executive from September 1. Nuyts, also director of the parent company Allegro.eu, is set to resign from both functions on August 31.
Sainsbury's quarterly sales drop 4% as UK consumers cut spending
British supermarket Sainsbury's warned the financial pressures building on consumers would "only intensify" this year after it reported a 4% drop in underlying quarterly sales, driven by falling demand for general goods. With inflation surging and customers slashing spending, Britain's second biggest supermarket said sales of grocery items fell 2.4% over the 16 weeks to June 25, while general merchandise sales of non-food goods dropped by 11.2%. Sainsbury's maintained its full year pretax profit guidance of 630mln pounds to 690mln pounds, down from 730mln pounds in 2021-22.
Belgium: Revamped OKay Oedelem reopens as a sustainable local supermarket on 6 July
On Wednesday 6 July, OKay Oedelem reopens its doors after undergoing a thorough facelift. Thanks to the fresh and modern interior, customers of OKay Oedelem can now find their way even more easily in the broad assortment of fresh products. "In the renewed freshmart, our broad offer of fresh fruit and vegetables can stand out completely," says store manager Letitia Rowies.
Dino Polska reports increase in new store growth
Polish retailer Dino Polska opened 162 stores in the first half of 2022, compared to 150 in the same period last year, it said in a statement. The group's total store network now encompasses 1,975 stores, compared to 1,622 as of the same period last year.
Switzerland: Migros to assess sustainability of product packaging
Swiss supermarket chain Migros plans to extend the use of its M-Check sustainability evaluation scale to assess the sustainability of product packaging. Migros expects that, by the end of 2022, the packaging assessment will be available for more than 300 SKUs.
India: Delhivery co-founder Mohit Tandon joins agri-tech startup Superplum as strategic advisor
Agri-tech startup Superplum said Mohit Tandon, co-founder and ex-CSO at Delhivery, has joined the firm as a strategic advisor. Tandon comes with over 10 years of experience building and scaling Delhivery, India’s largest logistics and supply chain firm, the company said in a statement. "With acumen for operations strategy, we believe that Tandon will help us raise the bar and build India’s most advanced agriculture supply chain and fresh produce brand".
Żabka opens 50th Nano outlet in Poland's Norblin Factory
Polish retailer Żabka has announced that it has rolled out its 50th Nano concept store in the Norblin Factory in Warsaw. Norblin Factory is a multifunctional complex at the centre of the Wola district in Warsaw spanning an area of 65,000 square metres.
Right Farm joins hands with Circa Biotech to enhance the UAE’s food sustainability and security
Right Farm, a disruptive UAE-based B2B digital platform that sources fresh produce from local and international farms for the food service and retail sectors, announced its partnership with Circa Biotech, the region’s first waste-to-feed project, aimed at creating a circular economy by utilizing industrial insect farming to upcycle organic waste into protein-rich animal feed and organic fertilizer.